Nisco(SH:600282)2025-10-24 09:25Revenue and Profit - In Q3 2025, the company's revenue was CNY 14.34 billion, a decrease of 8.16% year-on-year, while the total revenue for the first nine months was CNY 43.28 billion, down 12.19% compared to the same period last year[2]. - The total profit for Q3 2025 reached CNY 885.80 million, an increase of 40.02% year-on-year, and the net profit attributable to shareholders was CNY 713.31 million, up 37.12% year-on-year[2][7]. - The company's basic earnings per share for Q3 2025 was CNY 0.1157, reflecting a 37.12% increase compared to the same period last year[2]. - Net profit for the first three quarters of 2025 reached CNY 2.09 billion, an increase of 18.2% from CNY 1.77 billion in the same period of 2024[20]. - The company reported a total comprehensive income of CNY 2.09 billion for the first three quarters of 2025, compared to CNY 1.38 billion in the same period of 2024, indicating a significant increase[20]. Financial Ratios and Returns - The weighted average return on equity increased to 2.64% in Q3 2025, up 0.61 percentage points year-on-year, while the return on equity for the first nine months was 8.12%, an increase of 1.41 percentage points[2][3]. - Earnings per share for the first three quarters of 2025 were CNY 0.3530, compared to CNY 0.2844 in the same period of 2024, reflecting a growth of 24.2%[20]. Assets and Liabilities - The company's total assets at the end of Q3 2025 were CNY 70.13 billion, a 1.48% increase from the end of the previous year, and the equity attributable to shareholders was CNY 26.96 billion, up 3.59%[3][7]. - The total liabilities as of the reporting date were CNY 41.52 billion, slightly up from CNY 41.32 billion at the end of the previous period[19]. - Total liabilities rose to CNY 35,030,929,075.43, up from CNY 31,880,377,134.12, marking an increase of about 9.67%[14]. - The company's short-term borrowings increased to CNY 17,033,759,232.96 from CNY 14,444,279,217.95, representing a rise of approximately 11.03%[14]. - The company's long-term borrowings decreased from CNY 7.06 billion to CNY 4.21 billion, a reduction of 40.5%[19]. Cash Flow - The cash flow from operating activities for the first nine months increased by 85.56% year-on-year, amounting to CNY 3.14 billion[6]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 43.64 billion, an increase of 5.5% compared to CNY 41.22 billion in the same period of 2024[22]. - The net cash flow from operating activities reached CNY 3.14 billion, up 85.7% from CNY 1.69 billion year-on-year[22]. - Cash inflow from financing activities totaled CNY 28.99 billion, an increase of 26.5% compared to CNY 22.90 billion in 2024[23]. - The net cash flow from financing activities was -CNY 2.82 billion, compared to a positive net flow of CNY 332.11 million in the previous year[23]. Production and Sales - The steel production for the first nine months was 6.95 million tons, a slight decrease of 0.11% year-on-year, while the sales volume was 6.85 million tons, down 1.28%[8]. - The average selling price of steel was CNY 3,974.23 per ton, a decrease of 9.84% compared to the previous year[8]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 1.76 billion, a decrease of 7.6% compared to CNY 1.90 billion in the same period of 2024[19]. Non-Recurring Gains - The company reported non-recurring gains of CNY 47.45 million for the current period, with total non-recurring gains for the year-to-date amounting to CNY 361.33 million[5]. Inventory and Receivables - The company's inventory stood at CNY 7,879,868,921.38, showing a decrease from CNY 8,346,349,386.16[13]. - The company reported a significant increase in receivables, with accounts receivable rising to CNY 3,832,894,252.54 from CNY 3,381,233,196.68, an increase of about 13.31%[13]. Accounting Standards - The company did not apply new accounting standards for the year 2025[24].